Comment on Prediction market trader 'Magamyman' made $553,000 on death of Iran's supreme leader
CurlyWurlies4All@slrpnk.net 3 weeks agoFrom the article
Most prediction markets, which have surged in popularity in recent months, are federally regulated by the Commodity Futures Trading Commission. The agency views this new-fangled form of betting a “futures contract,” not a type of gambling.
WesternInfidels@feddit.online 3 weeks ago
Vegas gambling is regulated by the state, but it’s still gambling.
CurlyWurlies4All@slrpnk.net 3 weeks ago
For sure. I’m with you. It’s clearly gambling regardless of the ridiculous loop hole they’ve decided to put it through.